Integration of Cash Management Services

It’s important to ensure effective setup, and training for the integration of your banking services with your Yardi system. Through working with Lynx to implement these integrations, you can save time and reduce errors by removing the risk of unreliable manual inputting. We can also help to ensure proper practices are followed for areas such as: security setup and separation of responsibilities, creating a safe and worry-free approach to these day to day banking operations. To learn more contact us.

The number of technology based services that banks are offering is significant and is growing. There are many cash management areas where Lynx can assist such as:

Positive Pay
Most banks offer this service to prevent cheque fraud. This process matches the cheque number and dollar amount presented against an authorized list submitted by your company.

We can help by:
• Producing the automated authorized cheque list file
• Configuring the workflows within Yardi (including advanced features like cheque holds)
• Providing security audits and offering best practices procedures (i.e., approval of vendor edits is separated from cheque production, approval or signing)

Bank Reconciliations
Do you have too many bank reconciliations? Let us help you automate, coordinate setup for the bank interface, develop custom file formats, and configure automated transfers.

We can help by:
• Coordinating a banking interface to export data regularly, using this exported data to produce a valid ETL Yardi check clearing import file, and delivering this file anywhere ready to be directly uploaded into Yardi.
• Providing implementation and training to staff to be familiar with the process
• Automating the bank export processes can be fully or partial automated as desired

Lock Box
Lock Box is an efficient way to deposit cheques on a timely basis especially for remotely located properties. It transfers funds directly to your account, significantly reducing processing time.
This service reduces cash management handling at sites and, therefore, reduces security concerns, by improving safety and lowering the risk of fraud.

We can help by:
• Customizing the Lock Box Submission File (Including OCR strings)
• Assisting the bank to produce import files for Yardi; thus, greatly eliminating the receipt keying time
• Ensuring the correct staff are fully trained to use and monitor the process correctly in Yardi